William Gordon Stone III - Jul 12, 2022 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role: Chief Executive Officer, Director
Signature: /s/ William Gordon Stone III
Stock symbol: APPS
Transactions as of: Jul 12, 2022
Transactions value $: -$398,305
Form type: 4
Date filed: 7/14/2022, 02:18 PM
Previous filing: Jul 11, 2022
Next filing: Aug 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPS	Common Stock	Options Exercise	$295K	+50K	+3.16%	$5.89	1.63M	Jul 12, 2022	Direct
transaction	APPS	Common Stock	Tax liability	-$398K	-24.4K	-1.49%	$16.33	1.61M	Jul 12, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APPS	Employee Stock Options (right to buy)	Options Exercise	-$295K	-50K	-100%	$5.89	0	Jul 12, 2022	Common Stock	50K	$5.89	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.
F2	Options vest over three years. One-third of the Options vest on the first anniversary of the grant date (i.e., the date indicated), and the balance vests proportionately each month during the remaining two years.